Hedge fund exit requests drop to six-month low in July

Tags: Hedge Fund
Investor demand to pull money out from hedge funds dropped to a six-month low in July, following portfolio adjustments during the previous month, data released on Monday showed.

The SS&C GlobeOp Forward Redemption Indicator, a monthly snapshot of hedge fund clients giving notice to withdraw their cash expressed as a percentage of assets under administration, fell to 3.15% in July from 4.8% in June and the lowest since January.

"July's forward redemptions decreased by over 1%, but remain in line with historical averages," said Bill Stone, chairman and chief executive officer, SS&C Technologies.

Exit requests typically declined at the start of every quarter, the data showed.

The index is compiled by fund administrator SS&C Technologies Holdings Inc and is based on data provided by its fund clients, which represent about 10% of the assets invested in the hedge fund sector, or about $300 billion.

EDITORIAL OF THE DAY

  • Profit motive, not arbitrary pricing, should be guiding principle for the railways

    The freight hike for coal by the railways raises a serious question about the government’s penchant for price manipulation and administered pricing

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Susan Visvanathan

A world that is constantly at war

THE 19th century posed specific problems to theorists about how ...

Jemima Raman

Things one learns on a potter's wheel

As things go, watching a shape emerge from a blob ...

Shona Adhikari

Masterpieces on the auction block

A rather important auction of 20th century Indian art by ...